Societe Generale Group Bank to Issue DLT ETN

London-based Kleinwort Hambros announced exchange traded note will be used to invest in companies that can profit with blockchain technology
08 April 2019   856

Kleinwort Hambros, a private bank and asset manager that is part of the Societe Generale group, has launched a blockchain-oriented exchange traded note (ETN) with active management.

London-based bank announced that ETN, listed in Luxembourg, will be used to invest in companies that can profit from the development and distribution of blockchain technology.

Initially, ETN will include 20 shares, distributed across technology, logistics, oil and gas, custodial and industrial sectors.

We have seen increasing interest from clients in the area of blockchain and we are very excited to be able to cater to this demand with the launch of our first blockchain note. We have built an innovative product which will provide our clients with the diversified exposure to the promising growth prospects blockchain technology offers, while maintaining the rigorous active management our clients expect.
 

John Birdwood

Portfolio Manager, Kleinwort Hambros

The product is available only to current and future customers of the bank, and the minimum investment amount in it is £ 1 000.

DEAPCOIN IEO to be Held at OKEx on 8.04

The project is planning to raise $2M a the price of 1 DEP on IEO will be $ 0.0025
25 March 2020   955

OKEx Exchange announced Wednesday the 11th initial exchange offering (IEO). It will be conducted by the DEAPCOIN Project (DEP) and will be held on April 8th.

As in previous OKEx campaigns, the selection of participants and the selection of the allocation coefficient will be carried out according to two criteria: the average daily balance of OKB and the trading volume on the exchange. For each of the groups, allocation of 400 million DEP tokens is allocated.

The price of 1 DEP on IEO will be $ 0.0025. Thus, the project intends to attract up to $ 2 million from OKEx users. Trading in USDT and USDK pairs will start on the same day.

The DEP token was released by DEAPCOIN to shape the economy around the PlayMining entertainment platform they are developing, where users can earn cryptocurrency during games. DEP is presented as an ERC-20 standard token, while game items on the blockchain will use the ERC-721 standard.

Despite the generally negative dynamics of the IEO space recently, the token of the previous placement of the OKEx platform - HyperDAO - that passed at the end of February is currently trading almost 3 times higher than the initial selling price.